Does Taobao belong to Alibaba?

Taobao belongs to Alibaba. Taobao was founded by Alibaba Group in May 2003; Alibaba is a business-to-business website, while Taobao is a customer-to-customer website; Alibaba is a Wholesale from large customers is a transaction between large merchants and small merchants, in bulk, while Taobao is a transaction between merchants and customers.

#Taobao belongs to Alibaba. Alibaba is a business-to-business type of website. Taobao is a customer-to-customer website (users on Taobao can act as both buyers and sellers). Alibaba does wholesale for large customers. It is a transaction between large merchants and small merchants, and it is in bulk. Taobao is a transaction between merchants and customers. The former serves small businesses, while the latter serves direct customers.

1. According to the introduction of "Alibaba Group"

Alibaba Network Technology Co., Ltd. (referred to as: Alibaba Group) was founded in 1999 by 18 people headed by Jack Ma, a former English teacher. Founded in Hangzhou, they believe that the Internet can create a level playing field, allowing small businesses to expand their businesses through innovation and technology, and be in a more advantageous position when participating in domestic or global market competition. Alibaba Group operates multiple businesses and also obtains support from the business and services of affiliated companies in operating a business ecosystem. The businesses and affiliated companies include: Taobao, Tmall, Juhuasuan, AliExpress, Alibaba International Trading Market, 1688, Alimama, Alibaba Cloud, Ant Financial, Cainiao Network, etc. On September 19, 2014, Alibaba Group was officially listed on the New York Stock Exchange with the stock code "BABA". The founder and chairman of the board of directors is Jack Ma. For the whole year of 2015, Alibaba's total revenue was 94.384 billion yuan and net profit was 68.844 billion yuan.

2. According to the introduction of "Taobao"

Taobao is the largest online retail and business district in the Asia-Pacific region. It was founded by Alibaba Group in May 2003. Taobao is China's most popular online shopping retail platform, with nearly 500 million registered users and more than 60 million regular visitors every day. At the same time, the number of online products every day has exceeded 800 million, with an average of 48,000 sold every minute. Items. By the end of 2011, Taobao's single-day transaction volume peaked at 4.38 billion yuan, creating 2.708 million direct and full employment opportunities. With the expansion of Taobao's scale and the increase in the number of users, Taobao has also transformed from a single C2C online marketplace into a comprehensive retail district including C2C, group buying, distribution, auction and other e-commerce models. It has now become one of the world's largest e-commerce trading platforms.

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